15 MW ZAVODSKAYA SOLAR POWER PLANT CONSTRUCTION COMPLETED WITHIN 1 YEAR/PRESS RELEASE

07.09.2017

On September 7, 2017 on the territory of the Volodarsky District, Astrakhan Region, Solar Systems with the participation of the Deputy Chairman of the Government of the Russian Federation Dvorkovich A.V., the Governor of the Astrakhan Region Zhilkin A.A., the Chairman of the Board of Directors of Solar Systems Lisyanskiy M.E., Solar Systems CEO Molchanov M.S. and the founder of Solar Systems Tao Ran, launched 15 MW Zavodskaya SPP. This solar park is the first site of the fifteen, construction of which is planned in six regions of Russia. The first kilowatt of electricity has been generated.

"By consistently introducing renewable energy sources in Russia, we understand, on the one hand, that this requires considerable costs, and on the other – what benefits these technologies bring, including in terms of reducing climate-unfavorable emissions," – said Arkady Dvorkovich, congratulating the company and the residents of the region with the new facility. He added that this program is scheduled until 2024, but the plan for its continuation after the designated period is already being actively discussed.

"It is symbolic that we are launching the solar power plant in the Year of Ecology," – noted the Governor of the Astrakhan Region Alexander Zhilkin, stressing that representatives of small and medium-sized businesses in the region show active interest in installing such objects for themselves – there are already such examples. The Governor expressed confidence that this project will serve to increase the investment attractiveness of the region.

Representatives of Solar Systems thanked the government and the leadership of the region for supporting the construction of the facility. “Zavodskaya” SPP is the key to further development of solar generation in the Astrakhan Region. This project was implemented in less than one year, in 2018 we plan to put into operation 15 MW SPP in the Narimanovskiy District. It is interesting and comfortable for the company to work in this region at the expense of high level of solar and investment attractiveness", – said Molchanov Mikhail, CEO of Solar Systems.

The station was built in accordance with the Resolution of the Government of the Russian Federation of May 28, 2013 No. 449 "On the Mechanism for Stimulating the Use of Renewable Energy Sources in the Wholesale Electricity and Capacity Market".

Zavodskaya SPP is located on a land plot of 26 hectares. Reducing carbon dioxide emissions with almost complete absence of waste or other negative environmental impacts will be 470 tons per year (compared to coal-fired power plants). The volume of investments in construction of the SPP in the Astrakhan Region is about 3 billion rubles, for the construction period, more than 100 jobs were created. After Zavodskaya SPP starts operating at its full capacity, the regional budget will annually receive more than 67 million rubles of tax payments. The annual revenue of the project after putting the station into operation will exceed 600 million rubles. The revenue of local contractors for the current year was 51 million rubles.

Solar Systems, LLC was established in March 2014 for the purpose of construction and operation of solar power plants on the territory of Russia. The company is currently implementing projects in Samara and Astrakhan Regions. Solar power plants in Volgograd Region, Stavropol Krai and the Republic of Kalmykia and Bashkortostan are planned to be constructed in the next three years. Due to commissioning of 15 solar parks, total installed capacity of power systems of these regions will increase by 335 MW. Cumulative investments will surpass 44 billion rubles.